Shares of Nazara Technologies got listed on the stock exchanges on Tuesday, March 30. On the BSE, the shares of the company opened at Rs 1,971, a premium of 79.02 percent compared to the issue price of Rs 1,101. While on the National Stock Exchange (NSE), the shares listed at a premium of 80.74 percent at Rs 1,990. The initial public offering (IPO) of the gaming company backed by ace investor Rakesh Jhunjhunwala opened on March 17 and concluded on March 19.
The company had raised Rs 583 crore via its public offering and the price range fixed for the offering was Rs 1,100 to Rs 1,101 per share. Also, the company had raised Rs 261 crore from anchor investors ahead of the IPO.
As per the information available, the public offering was subscribed over 175.46 times during the three-day subscription process. 75.29 times subscription was made for the retail individual investors (RIIs) category. The portion reserved for qualified institutional buyers (QIBs) was subscribed 103.77 times followed by non-institutional investors with 389.89 times subscription.
News Source:- News18